ACCOUNTS - Final Accounts

Registered number: SC283934

CHILLFORCE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

CHILLFORCE LIMITED

COMPANY INFORMATION

Director	Mr D Grant


Company secretary	Mrs L Grant


Registered number	SC283934


Registered office	Unit 1
	Market Mews
	Market Street
	Dundee
	Angus
	DD1 3LA


Accountants	EQ Accountants Limited
	Chartered Accountants
	14 City Quay
	Dundee
	DD1 3JA

CHILLFORCE LIMITED

REGISTERED NUMBER: SC283934

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2025

		2025		2024
		£		£

Fixed assets
Tangible assets	3		127,645		110,346
			127,645		110,346
Current assets
Stocks		187,694		149,390
Debtors: amounts falling due within one year	4	436,500		133,842
Cash at bank and in hand		265,091		437,200
		889,285		720,432
Creditors: amounts falling due within one year	5	(381,191)		(204,149)
Net current assets			508,094		516,283
Total assets less current liabilities			635,739		626,629
Provisions for liabilities
Deferred Tax		(24,246)		(14,651)
			(24,246)		(14,651)
Net assets			611,493		611,978

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		611,393	611,878
		611,493	611,978

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CHILLFORCE LIMITED

REGISTERED NUMBER: SC283934

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 JUNE 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 December 2025.

Mr D Grant

Director

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CHILLFORCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1.	General information

Chillforce Limited is a company limited by shares incorporated in Scotland within the United Kingdom. The address of the registered office is Unit 1, Market Mews, Dundee, DD1 3LA.
The Company's functional and presentational currencey is GBP.

2.Accounting policies

2.1

Basis of preparation of financial statements, all accounts are rounded to the nearest pound

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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CHILLFORCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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CHILLFORCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as noted below.

Depreciation is provided on the following basis:

Tenant's Improvements	-	10% Reducing Balance
Motor Vehicles	-	25% Reducing Balance
Fixtures and fittings	-	25% Reducing Balance
Office equipment	-	25% Reducing Balance
Tools and Equipment	-	25% Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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		CHILLFORCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

	3.	Tangible fixed assets

	Tenant's Improvements	Motor Vehicles	Fixtures and fittings	Office equipment	Tools and Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 1 July 2024	6,556	233,413	1,493	8,684	7,710	257,856
Additions	-	67,648	-	-	-	67,648
Disposals	-	(51,551)	-	-	-	(51,551)
At 30 June 2025	6,556	249,510	1,493	8,684	7,710	273,953
Depreciation
At 1 July 2024	5,535	126,035	1,481	6,836	7,623	147,510
Charge for the year on owned assets	103	41,754	2	463	22	42,344
Disposals	-	(43,546)	-	-	-	(43,546)
At 30 June 2025	5,638	124,243	1,483	7,299	7,645	146,308
Net book value
At 30 June 2025	918	125,267	10	1,385	65	127,645
At 30 June 2024	1,021	107,378	12	1,848	87	110,346

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CHILLFORCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Debtors

					2025	2024
					£	£


Trade debtors	409,723	128,690
Other debtors	22,490	-
Prepayments and accrued income	4,287	5,152
	436,500	133,842

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	267,001	56,897
Other taxation and social security	60,221	96,885
Other creditors	879	2,316
Accruals and deferred income	53,090	48,051
	381,191	204,149

6.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 Ordinary shares of £1 each	100	100

7.	Pension commitments

The Company operates a defined contribution pension scheme. the assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund amounted and amounted to £77,531 (2024 - £73,548). Contributions totalling £5,000 (2024 - £nil) were payable to the fund at the reporting date and are included in creditors.

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